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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Residential income homes
135 Brick Blvd 143, Brick, NJ 08723-7185
Individually Owned
5-yr Hold
Property ID
US59-0789552
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Lot
15.31 ac (666,904 SF)
Zoning code
B3
APN
07 00381-0000-00002
UPID
US59-0789552
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Eric Larson · 5 yrs held
Eric Larson
since 2021
7 recorded transactions
Zoning & alternative use
B3 · Brick, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brick submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$395,598
Tax year 2022
Assessed value
$16,326,800
Assessed 2023
Previous assessed
$16,326,800
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$3,600,000
Assessed improvement
$12,726,800
Land market value
$3,600,000
Improvement market value
$12,726,800
Total market value
$16,326,800
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Heating
NONE
Units
1
Lot
15.31 ac (666,904 SF)
Zoning code
B3
APN
07 00381-0000-00002
UPID
US59-0789552
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B3 · Brick, NJ
Zoning B3 · permitted uses
B3 · Brick, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brick. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
15.31 ac
Current owner
From public records · entity-resolved
Eric Larson
Individual
Mailing address
399 MONMOUTH ST, EAST WINDSOR, NJ 08520-5003
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2021
$210,000
Eric Larson
Eric Larson
Executors Deed
related
—
Jul 8, 2015
—
Ct07 135 Brick Blvd LLC
135 Brick Blvd LLC
Deed
—
Jan 3, 2013
$1,100,000
135 Brick Blvd LLC
Greentree Invs Group LLC
Grant Deed
—
Oct 21, 2009
$637,500
Greentree Investment Group LLC
Toll Nj Vi
Grant Deed
—
Jun 8, 2006
—
County Of Ocean
Toll Nj Vi
Grant Deed
—
May 17, 2006
—
Nj Toll IV
Toll Nj IV
Quit Claim Deed
related
—
Feb 2, 2006
$3,570,000
Nj Vi Toll
Eleventh Venture LLC
Grant Deed
—
Dec 20, 2001
$1,053,040
Sixth Venture LLC
—
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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